NASDAQ:PENN - Penn National Gaming Stock Price, News, & Analysis

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$21.04 -0.39 (-1.82 %)
(As of 03/22/2019 06:02 AM ET)
Previous Close$21.43
Today's Range$20.98 - $21.53
52-Week Range$17.30 - $36.90
Volume2.58 million shs
Average Volume1.86 million shs
Market Capitalization$2.46 billion
P/E Ratio22.62
Dividend YieldN/A
Beta1.89
Penn National Gaming, Inc. owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through Northeast, South/West, and Midwest segments. As of December 31, 2017, it operated 27 facilities in 17 jurisdictions, including California, Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario, Canada. The company was formerly known as PNRC Corp. and changed its name to Penn National Gaming, Inc. in 1994. Penn National Gaming, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

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Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryCasinos & Gaming
SectorConsumer Discretionary
Current SymbolNASDAQ:PENN
CUSIP70756910
Phone610-373-2400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.59 billion
Cash Flow$2.9427 per share
Book Value$6.15 per share

Profitability

Net Income$93.51 million

Miscellaneous

Employees25,750
Market Cap$2.46 billion
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable

Penn National Gaming (NASDAQ:PENN) Frequently Asked Questions

What is Penn National Gaming's stock symbol?

Penn National Gaming trades on the NASDAQ under the ticker symbol "PENN."

How will Penn National Gaming's stock buyback program work?

Penn National Gaming announced that its Board of Directors has approved a stock buyback plan on Wednesday, January 9th 2019, which authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 7.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

How were Penn National Gaming's earnings last quarter?

Penn National Gaming, Inc (NASDAQ:PENN) announced its quarterly earnings data on Thursday, February, 7th. The company reported ($0.37) EPS for the quarter, topping the Zacks' consensus estimate of ($0.40) by $0.03. The firm earned $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Penn National Gaming had a net margin of 2.61% and a return on equity of 47.01%. The firm's quarterly revenue was up 50.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.57) earnings per share. View Penn National Gaming's Earnings History.

When is Penn National Gaming's next earnings date?

Penn National Gaming is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Penn National Gaming.

What guidance has Penn National Gaming issued on next quarter's earnings?

Penn National Gaming updated its FY 2019 earnings guidance on Thursday, February, 7th. The company provided earnings per share guidance of $1.37-1.37 for the period, compared to the Thomson Reuters consensus estimate of $1.64. The company issued revenue guidance of $5.208-5.208 billion, compared to the consensus revenue estimate of $5.31 billion.Penn National Gaming also updated its FY19 guidance to $1.37 EPS.

What price target have analysts set for PENN?

9 equities research analysts have issued 12 month price objectives for Penn National Gaming's stock. Their forecasts range from $24.17 to $40.00. On average, they expect Penn National Gaming's share price to reach $33.2713 in the next year. This suggests a possible upside of 58.1% from the stock's current price. View Analyst Price Targets for Penn National Gaming.

What is the consensus analysts' recommendation for Penn National Gaming?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Penn National Gaming in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Penn National Gaming.

Has Penn National Gaming been receiving favorable news coverage?

Media headlines about PENN stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Penn National Gaming earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the company's share price in the near term.

Who are some of Penn National Gaming's key competitors?

What other stocks do shareholders of Penn National Gaming own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Penn National Gaming investors own include Canopy Growth (CGC), Netflix (NFLX), Las Vegas Sands (LVS), General Electric (GE), Micron Technology (MU), Energy Transfer LP Unit (ET), Cornerstone Total Return Fund (CRF), Ford Motor (F), AT&T (T) and CBL & Associates Properties (CBL).

Who are Penn National Gaming's key executives?

Penn National Gaming's management team includes the folowing people:
  • Mr. Timothy J. Wilmott, CEO & Director (Age 60)
  • Mr. Jay A. Snowden, Pres & COO (Age 43)
  • Mr. William J. Fair, Exec. VP of Fin., CFO & Treasurer (Age 56)
  • Mr. Carl Sottosanti, Exec. VP, Gen. Counsel & Sec. (Age 54)
  • Ms. Christine LaBombard, Sr. VP, Chief Accounting Officer & Principal Accounting Officer (Age 49)

Who are Penn National Gaming's major shareholders?

Penn National Gaming's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.49%), FMR LLC (6.08%), Eagle Asset Management Inc. (2.79%), Bank of New York Mellon Corp (2.74%), Victory Capital Management Inc. (1.63%) and Northern Trust Corp (1.39%). Company insiders that own Penn National Gaming stock include Carl Sottosanti, Jane Scaccetti, Jay A Snowden, Peter M Carlino, Ronald J Naples, Saul Reibstein and Timothy J Wilmott. View Institutional Ownership Trends for Penn National Gaming.

Which major investors are selling Penn National Gaming stock?

PENN stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Advisers LP, Principal Financial Group Inc., Hennessy Advisors Inc., Squarepoint Ops LLC, First Trust Advisors LP, Legal & General Group Plc, Comerica Bank and New York State Teachers Retirement System. Company insiders that have sold Penn National Gaming company stock in the last year include Carl Sottosanti, Peter M Carlino, Saul Reibstein and Timothy J Wilmott. View Insider Buying and Selling for Penn National Gaming.

Which major investors are buying Penn National Gaming stock?

PENN stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Norges Bank, Channing Capital Management LLC, Hsbc Holdings PLC, Jennison Associates LLC, FMR LLC, Oregon Public Employees Retirement Fund and Victory Capital Management Inc.. Company insiders that have bought Penn National Gaming stock in the last two years include Jane Scaccetti, Jay A Snowden, Ronald J Naples and Timothy J Wilmott. View Insider Buying and Selling for Penn National Gaming.

How do I buy shares of Penn National Gaming?

Shares of PENN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Penn National Gaming's stock price today?

One share of PENN stock can currently be purchased for approximately $21.04.

How big of a company is Penn National Gaming?

Penn National Gaming has a market capitalization of $2.46 billion and generates $3.59 billion in revenue each year. The company earns $93.51 million in net income (profit) each year or $0.93 on an earnings per share basis. Penn National Gaming employs 25,750 workers across the globe.

What is Penn National Gaming's official website?

The official website for Penn National Gaming is http://www.pngaming.com.

How can I contact Penn National Gaming?

Penn National Gaming's mailing address is 825 BERKSHIRE BLVD STE 200, WYOMISSING PA, 19610. The company can be reached via phone at 610-373-2400 or via email at [email protected]


MarketBeat Community Rating for Penn National Gaming (NASDAQ PENN)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  557 (Vote Outperform)
Underperform Votes:  433 (Vote Underperform)
Total Votes:  990
MarketBeat's community ratings are surveys of what our community members think about Penn National Gaming and other stocks. Vote "Outperform" if you believe PENN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PENN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/22/2019 by MarketBeat.com Staff

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